Bitcoin, which had been trading in a relatively narrow range since mid-October shed more than $500 to go from $8,000 to under $7,500 shortly before Facebook’s Mark Zuckerberg is scheduled to testify before Congress on issues pertaining to its Libra digital currency project.
The price drop is alarming, given how Bitcoin had earlier broken down from a descending triangle near the end of September, abandoning the $10,000 price point and